Posts published in Society

A Tool Launched to Facilitate the Integration of Foreign Nationals Relocating to Vilnius

Monday, April 2, 2018

In order to facilitate the transition of foreigners invited to live and work in Lithuania’s capital a new digital tool, which takes the form of a Relocation Guide, has been launched. Developed by Go Vilnius, the city’s official business and tourism development agency, the guide provides all the necessary information for successful and smooth relocation to Vilnius according to each person’s individual situation. The Relocation Guide explains in a simple…

New bank loans to residents in Latvia drop 23.6% y-o-y in 2017

Monday, April 2, 2018

The amount of new loans issued to residents by Latvian banks in 2017 has dropped by 23.6 percent compared to 2016, according to the Finance and Capital Market Commission. “New lending decreased compared to the previous year. New resident loans issued in 2017 totaled EUR 2.3 billion or by 23.6 percent less than in the previous year. However, new loans to resident households grew for the fourth year in a…

Latvia’s residents still live from salary to salary

Thursday, March 29, 2018

Following the stabilization of the economic situation in Latvia, decline of unemployment and increase of income, larger amounts of money have become available for the country’s residents. However, according to the study performed by Swedbank, 34% of Latvia’s residents are still forced to survive from salary to salary. This means they only have enough money to cover basic necessities, the bank notes. 20% of respondents describe their financial situation as…

Ex-NATO chief saves Latvia

Tuesday, March 27, 2018

The former head of NATO has asked the prime minister of Latvia to create an international task force to guide the country in cleaning up its banking sector, which has been rocked by accusations of money laundering and bribery. Anders Fogh Rasmussen, who has also been prime minister of Denmark and is currently deputy chairman of Latvian bank Norvik, wrote a letter calling for the creation of a group of…

Latvia’s coalition backs proposal on EU’s post-2020 multi-annual budget

Tuesday, March 27, 2018

Other ruling coalition parties back the proposal by the Union of Greens/Farmers for the adoption of a parliament resolution on the EU’s post-2020 multi-annual financial framework, informs LETA. The resolution would call on the EU to provide adequate financing for reducing regional disparities and for implementation of the goals of the Common Agricultural Policy and the Common Fisheries Policy. Speaking to the press after the meeting of the ruling coalition…

Lithuanian PM says tax reform aimed at increasing people’s income

Tuesday, March 27, 2018

Lithuanian Prime Minister Saulius Skvernelis says that the government’s proposed tax changes are primarily aimed at increasing people’s income. “The main direction is simple: we have to grow people’s income so that they can earn more money. We need to reduce the tax burden on labor. We must create favorable conditions for our and foreign businesses to innovate and continue investing in new technologies,” he told LRT Radio on Tuesday…

Latvian-Russian relations to become worse

Monday, March 26, 2018

Amendments approved by the Saeima to perform a full transition to education in Latvian language in the country’s schools will have a negative impact on mutual relations between Latvia and Russia, and Latvia will be the one responsible, as announced by Russian Foreign Affairs Ministry. «Latvia’s capital should understand that by making unfriendly steps it is only making mutual relations more complicated. All the responsibility for that lies on Latvia’s…

Lithuanian PM sacks adviser who lost political confidence

Monday, March 26, 2018

Lithuania’s Prime Minister Saulius Skvernelis on Friday sacked his adviser for energy and environmental matters, Tomas Garasimavicius, who had lost his political confidence. “He has been discharged as having lost his political confidence,” Tomas Berzinskas, the prime minister’s spokesman, told BNS. The spokesman not elaborate on the reasons for firing the adviser. Garasimavicius told BNS later in the day that he was not aware of the reasons for his dismissal…

Eight flu fatalities reported in Latvia last week

Friday, March 23, 2018

RIGA – Eight flu fatalities were reported in Latvia last week. All but one of those flu patients had other chronic diseases, the Center for Disease Prevention and Control said. Altogether 31 people have died from flu in the current season. The average age of those flu fatalities is 67 years. None of them had been vaccinated against flu. Flu intensity has started receding in Latvia and dropped 5.6 percent…

Russian-speaking minority in Latvia protests against new legislative attack on their identity

Friday, March 23, 2018

Latvia’s largest opposition party has called for the reversal of education reforms that threaten Russian-language classes in the country’s schools, claiming they contradict the national constitution and international convention. The Social Democratic Party, called “Harmony,” represents the interests of Russian speakers that constitute up to 40 percent of Latvia’s population. The call to reverse the education reforms was made to President Raimonds Vejonis on Thursday. It followed a decision by…